Category: Umbrella Insurance

Umbrella insurance is a crucial type of insurance to have if you own a home and at least one vehicle. Without this type of insurance policy, you may not be as well-protected as you think. Many people aren’t aware of the potential risks they face, even if they already have home and auto insurance policies. Adding umbrella insurance can help close any coverage gaps. To get started with an umbrella policy, call Riverside Insurance Agency Inc. in Byram, MS.

More Liability Coverage

Umbrella insurance enhances your liability insurance across two of your insurance policies – your home and auto insurance. Both of these insurance types include a certain amount of liability coverage, but it’s often not enough to cover a serious accident. When you add umbrella insurance to both of these policies, it provides a substantial amount of additional coverage, leaving you much better protected in case you’re responsible for an accident.

How It Works

If there’s an accident that you’re responsible for, your home or auto insurance will cover the accident up to your coverage limits. Once the insurance has reached this limit, it can’t pay any more toward the accident, even if there are additional bills. It’s common for a serious accident to generate additional bills that home or auto insurance can’t cover. When this happens, your umbrella insurance steps in to cover the remaining bills.

Get Umbrella Insurance in Mississippi!

If you want to learn more about these policies, we’re here to help. Contact us at Riverside Insurance Agency Inc. in Byram, MS.

It’s always important to have enough liability coverage in case a serious accident happens. Many people have both an auto policy and a home policy to protect themselves. However, these may be lacking in a type of coverage that you badly need. They often don’t have very much liability coverage, and this can leave you at risk of huge expenses. If you have these two policies, it can be helpful to get an umbrella policy to add to the amount of coverage you have on both.

When you need umbrella coverage, call us at Riverside Insurance Agency Inc. in Byram, MS.

Adding More Liability Coverage

With your home policy, liability coverage is very important in case someone has an accident while on your property. This can be extremely expensive when there are injuries that require medical attention. Home policies often have little of this coverage, though. The same is often true with auto insurance. When you add extra liability insurance to your home and auto policies individually, the price can be quite high. Many people find that doing so is unaffordable for them. That’s why there’s umbrella insurance. It adds more liability coverage to both of these policies, and it doesn’t cost much. It’s a great way to keep yourself better protected. 

Paying the Overages

If you don’t have enough liability coverage and an expensive accident does happen, there may be an overage due once your home or auto policy has paid out as much as it can. This overage maybe thousands of dollars. When you have an umbrella policy, it pays this overage after your auto or home policy has maxed out. The maximum payout of umbrella policies is extremely high. 

Get Umbrella Insurance Today

When you’re interested in getting more liability coverage, call us at Riverside Insurance Agency Inc. in Byram, MS. 

Liability risk is something that all people in the Byram, MS area will need to take seriously. Even if you are careful, there is always a chance that you could be held liable for accident damages or other liability costs. One of the ways that you can mitigate this risk and concern is by getting an umbrella insurance policy.

This coverage is often ideal as it offers protection against various risks: 

Risk of Major Claim

One type of risk that you will receive protection against is the risk of being named as liable for a significant claim. If you have liability insurance in your home or auto insurance plans, the coverage will always have some type of cap to it. Due to this, there is a chance that a significant accident could cause liability damage that exceeds your current policy. An umbrella insurance plan will provide coverage on top of that plan. 

Less Predictable Risks

An advantage that comes with an umbrella insurance plan is that it can provide you with very broad personal liability coverage. While accidents in the home or on the road are somewhat predictable, others are harder to predict and do not have coverage provided by other types of plans. When you have an umbrella plan, you will receive broader liability coverage overall. This will ensure you have protection and peace of mind. 

Contact Us Today

If you are in the market for a new umbrella insurance plan and are in the Byram, MS area, getting professional support is always a good idea. The team with Riverside Insurance Agency Inc. understands the value of this coverage and will offer any support that you need. Riverside Insurance Agency Inc. can help you identify your liability risks and create a plan that will offer broad and ample coverage. 

Riverside Insurance Agency Inc is an independent agency. For over 15 years, we have helped Byram, MS residents find the coverage they need to protect their assets. We are proud that we were able to simplify the process for many people who felt overwhelmed looking for insurance. We offer our clients unique policies that adapt as our clients undergo life changes.

Common Situations When Umbrella Insurance Is Necessary

Accidents can occur at any moment. However, having insurance in place can alleviate some stress associated with emergencies. That’s where umbrella insurance comes in. Umbrella insurance protects you when an accident occurs, and you are held liable for the damages. General liability will cover you, but the policy has a limit. If the accident is serious enough, your liability limits may be stretched to the max, which could leave you vulnerable. Umbrella insurance steps in as another layer of protection when you need it most.

Perhaps you are hosting a summer pool party at your Byram, MS residence. One of your friends slips and falls while they are getting out of the pool and hitting their head. They’ve suffered a serious brain injury. You are responsible for the injury. Umbrella insurance steps in to help cover you and take care of your guest’s medical treatment. You take your eye off the road to answer a text message and the result is a serious auto accident where four people are injured. All of their injuries are your fault. Your liability coverage may not be able to cover all the injuries and medical treatment. Umbrella insurance steps in to prevent you from possibly losing some of your assets.

Riverside Insurance Agency Inc. Will Help You Cover Your Assets

Visit our website to learn more information about umbrella insurance.